Inside Job: Documentary Analysis
Submitted to: Prof.Pramod Paliwal
Submitted by:Meghavi Patel (20111030)The documentary is divide into five Parts, this write up describe my overall understanding of the documentary. In 5 year period of time 3 banks borrowed 120 million dollar which is ten times the size of the Iceland economy. Till the year 2006 anyone and everyone could get loans easily even if their document were not up to the mark, lenders did not care if the borrowers were unable to repay loans. Then also the credit rating agencies gave AAA rating to bank, they had no liability if their rating proven to be wrong. At the end of the decade hundred of savings was fail, which ultimately cost to people & their savings. During 2007 CDO sold by executive by telling investor that they were high quality , which created problem when market for CDOs collapsed and investment banks were left with hundred of billion of dollar in loan. In 2008 Iceland bank collapsed and unemployment rate triple in six month lots of people lost their savings but govt. Regulator who had to protect the citizen of Iceland they did nothing for them. When there were crashes the security and exchange commission agencies had been created to regulate the investment bank but they had done nothing. Whatever the bank and other agencies said publically was quite different than the reality. Accountability tries to indicate how no one is ready to take blame as vice chairman declined to be interviewed. Senior executive were given handsome bonus for short term profits so they had nothing to lose if there is something wrong happen. Warning from reputed sources regarding crisis were all yet ignored. The crisis shows that despite of numerous warning, the government official did not take any action. When fraud people caught they refuse to co operate with government. The false replied given by the credit agencies when they were asked to answer about their rating and current crisis. The men and...

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...InsideJobMovie Synopsis
Part I: How We Got Here:
The Reagan Administration of the United States began a thirty-year-period of deregulation by the legislators in the financial system. Deregulation allowed the financial sector more freedom and less discipline, which provided more opportunity for profit and risk. Reflecting the profit growth resulting from deregulation, investment banks went from small, private firms to public companies. To...

...﻿Taylor Lewis
Accounting
03/10/2013
InsideJob
The movie “InsideJob” was a very controversial movie. It talked about the financial crisis and how it affected everyone. Personally, it made me angry. All of the big companies such as Goldman Sachs, Citi Bank, Meryl Lynch, and many more, performed unethical activities. They went behind their customers back to bet against them just to make more money, and the...

...I think the insidejob done a great job on the movie. They proved the more money one has the least amount of trouble they will get into. They should receive the same punishment as a low class citizen would get.
There are pros and cons about bank giving loans to people who have no or bad credit. If they can afford the payment than yes. If someone cannot make the monthly payment then no.
Banks should not be able to sell our mortgage...

...caused the global economic crisis, and what could have been done (by governments or the private sector) to prevent this? Also, give your personal thoughts on this issue.
My personal thoughts on this issue:
After watching all five parts of the movie, I think the global economic crisis key factor was caused by deregulation which began since Reagan administration, because it contributed to the real estate bubble and allowed greedy and overpaid banks to go on unreasonable...

...Homework 1
1. Subprime mortgages or mortgages that are normally made out to borrowers with lower credit ratings (below 640) are viewed by the lender that the borrower has larger-than average risk of defaulting on the loan and as a result typically carry a higher interest rate than that of a conventional loan. Banks originally required a down payment from subprime buyers and normally kept these loans bearing the risk of default. Overtime banks began to group subprime loans into...

...(15%)
Note: Both of the following movies are available on Netflix.com. Netflix has a one-month free trial membership. You have the choice to close your account before the trial period ends.
1. Watch the movie “Too big to fail” and answer the questions attached here.
2. Watch the movie “InsideJob” and answer the questions attached here.
( Watch here for free: http://vimeo.com/57527797 )
3. Read the article “The Article...

...﻿Who is to blame for the events depicted in the film ?
The global financial crisis of 2008 is one of the biggest tragedies in the history of United States. In light of what we have seen in the movie untitled InsideJob, we can notice that blame has been distributed to many.
First, the rating agencies hold a huge responsibility in this crisis. They gave the AAA ratings to the risky derivatives. Their untruthful ratings have mislead the...